Question: i need help with this problem thanks!! Present value concept Answer each of the following questions a. How much money would you have to invest
i need help with this problem thanks!!Present value concept Answer each of the following questions a. How much money would you have to invest today to accumulate $5,000 after 7 years of the rate of return on your investment is 11% b. What is the present value of $5,000 that you will receive after 7 years if the discount rate is 11%? c. What is the most you would spend today for an investment that will pay $5,000 in 7 years if your opportunity cost is 1152 d. Compare, contrast, and discuss your findings in part a through a. A single investment made today, caming 11% annual interest, worth $5,000 at the end of 7 years is $ (Round to the nearest cent.) b. The present value of $5,000 to be received at the end of 7 years, if the discount rate is 11%, is $ . (Round to the nearest cont.) $ (Round to the nearest cent.) c. The most you would spend today for an investment that will pay $5,000 in 7 years if your opportunity cost is 11% is d. Compare, contrast, and discuss your findings in part a through e. (Select all answers that apply) DA. In all three cases, you are solving for the present value, PV, which is $2.408 29. B. The annual interest rate is also called the discount rate or the opportunity cost. O C. In all three cases, the answer is $2,408.29. In part a, it is the payment, PMT. In part b, it is the present value, PV. In parte, it is the future value, FV. D. In parts a and c. $5,000 is the future value, FV. In part b. 55,000 is the present value, PV. Therefore,parts a and have the same answer, while part blas a different
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